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Terra Luna Classic Proposal For Dynamic Minimum Commission Passed Proposal 11738 “Dynamic Minimum Commission based on Voting Power” submitted by popular members StrathCole and HappyCattyCrypto has officially passed, according to the latest voting status. advertisement Interestingly, validators have sounded support for the proposal that could impact their commissions. The proposal received 84% votes in favor, making it surpass the ‘pass threshold.’ Moreover, it has received 6% “Abstain” and 10% “No” votes. Among the 44 validators that participated in the governance voting, 36 voted “Yes”. Allnodes, HappyCattyCrypto, Interstake One, T.MOM, TerraCVita, and others voted in favor of the proposal. Four validators including JESUSisLORD and SolidVote opposed the proposal. The proposal aims to prevent centralized voting issues within the Terra Luna Classic network. It will improve decentralization, network securi...

Terra Luna Classic Proposal For Governance And Decentralization on Commonwealth Terra Luna Classic validator Happy Catty Crypto’s Proposal 11653 “Enhancing Governance And Decentralization In The Transition to Commonwealth” is up for voting. advertisement The proposal aims to address concerns related to the transition from Agora to Commonwealth recently, which happened without community voting and transparency. He claims the transition was moderated by Edward Kim, Rexx, and Bilbo Baggins without community involvement. It caused Rexx and Bilbo Baggins to become administrators, which is against the core principles of decentralization. “Edward Kim and Rexx have declared their departures from the LUNC blockchain, and they are currently focused on developing a separate blockchain called Entropy AI Blockchain. As they have no direct involvement in LUNC, their admin roles are questionable and should be addressed and/or revoked.” As per the...

Proposal 11600 “ Terra Allies ‘Six Samurai’ Senior Engineering Team (L1/L2 Q3 Bid & Proposal)” received 57% “No with veto” and 36% “No” votes. The proposal only received 7% “Yes” votes. The proposal has completely failed to gain support from validators and other developers. Popular validators such as Happy Catty Crypto, Classy’s Sphere, Lunanauts, JESUSisLORD, StakeBin, and others rejected the proposal. advertisement The community cited valid reasons to reject the Six Samurai team co-led by developer Bilbo Baggins and Solid Snake . The reasons include a lack of transparency on developers and their abilities, trust in the existing Joint L1 Task Force developer team, and bad actors in the team. The major reason is the lack of funds in the community pool to approve all current proposals. Also Read: Terra Luna Classic (LUNC) Under Review By Hong Kong Virtual Asset Consortium Terra Allies ...